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- Are predictions using the supply-and-demand model likely to be reliable in each of the following markets ? a) Apples b) Convenience storesc) Electronic games ( a market dominated by a few firms)d) Used carsCarefully examine the picture attached and state what is happening in the following markets and indicate if: Impact on demand? a. Excess supply b. increase towards equilibrium c. decrease equilibrium quantity d. Shift outwards/ to right e. decrease equilibrium price f. Increase equilibrium quantity g. Excess demand h. Change in quantity uncertain I. decrease towards equilibrium j. Change in price uncertain k. No impact l. Shift inwards/ to left Impact on supply? a. Excess supply b. increase towards equilibrium c. decrease equilibrium quantity d. Shift outwards/ to right e. decrease equilibrium price f. Increase equilibrium quantity g. Excess demand h. Change in quantity uncertain I. decrease towards equilibrium j. Change in price uncertain k. No impact l. Shift inwards/ to left Impact on price? a. Excess supply b. increase towards equilibrium c. decrease equilibrium quantity d. Shift outwards/ to right e. decrease equilibrium price f. Increase equilibrium quantity g. Excess…Market: Toilet Paper Toilet paper production plants are shut down due to covid 19 outbreaks. People are panic buying toilet paper. Graph the market and identify the demand/supply determinants and state whether the equilibrium price and quantity increase, decrease or it is uncertain.
- Are predictions using the supply-and-demand model likely to be reliable in each of the following markets? Why or why not?a. Apples.b. Convenience stores.c. Electronic games (a market with three major firms).d. Used carsI. How had the Russia-Ukraine war impacted the oil market? Draw a supply-demand graph to briefly explain your answer. Please label the vertical and horizontal axes and show whether the supply or the demand curve had shifted. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.What impact do policy interventions have on the supply and demand equilibrium for a product?
- When the covid-19 shock started in early 2020, supermarkets quickly ran out of toilet paper as panic buying took place and its price remained the same. Illustrate these effects using a well-labelled supply and demand graph and explain the outcomethe graph below shows two shocks to the marketa) a fall in the price of production equipment b) an increase in the price of movie tickets by drawing on the graph: 1. draw a new supply and the new demand curve and label the curves properly please 2. then define the new equilibrium quantity and price on the graph then label the new equilibrium properly.Identify what sort of effects the following listed events have.You are required to define the market under study (for example: the labour market, oil market, etc). Explain whether the event acts on the demand or supply side, and whether the event leads to a quantity or price change, or leads to a shift in demand and/or supply.Make sure to explain what sort of assumptions you are making on the elasticities of demand and supply.d) The implementation of a Carbon tax in the economy. A Carbon tax is charged according to the level of emissions of greenhouse gases in an economy.e) The implementation of an increase in tuition in University studies
